Loan Amortization

See exactly where your money goes

Every payment broken down โ€” principal vs. interest, equity milestones, and what extra payments really save you.

Extra payment / mo ($)
๐Ÿ’ณ Monthly P&I
โ€”
principal & interest only
๐Ÿฆ Total interest โ€”
๐Ÿ’ฐ Total cost โ€”
๐Ÿ“Š Interest share โ€”
โšก Interest crossover โ€”
๐Ÿ Payoff date โ€”
โ€”
Remaining balance over time
Standard payoff
Principal vs. interest over time
Interest Principal
Paid off sooner
โ€”
ahead of schedule
Interest saved
โ€”
vs standard
New payoff date
โ€”
vs standard
โ–ผ Amortization schedule
Showing yearly summary
PeriodPaymentPrincipalInterestCum. InterestBalance
Enter loan details above to generate the amortization schedule.
Monthly payment is principal and interest only โ€” does not include taxes, insurance, or PMI. Extra payment scenarios assume no prepayment penalty. For illustrative purposes only.
Debt Consolidation

Cash-out refi โ€” consolidate everything

See exactly what happens to your monthly payments, total debt, and long-term cost when you roll everything into one loan.

โ–ผLoan & property details
Current mortgage
Current P&I
โ€”
per month
New cash-out loan
LTV %
New P&I
โ€”
per month
โ–ผDebts to consolidate
โ–ผThe cashflow transformation
Combined today
โ€”
mortgage + all debt payments
every month right now
โ†’
One payment after
โ€”
single monthly payment
everything rolled in
=
Monthly freed up
โ€”
back in your pocket
every single month
Cash to you
โ€”
after debts & closing costs
Yearly savings
โ€”
freed cash per year
Break-even
โ€”
months to recoup closing costs
Debts eliminated
โ€”
accounts paid off & closed
โ–ผWhere the money goes
New loan amountโ€”
โˆ’ Pay off current mortgageโ€”
โˆ’ Closing costsโ€”
= Cash to youโ€”
Debt coverage
LTV check
New loanโ€”
Home valueโ€”
LTV ratioโ€”
New equity position
Home valueโ€”
โˆ’ New loanโ€”
Remaining equityโ€”
โ–ผThe debt trap โ€” what minimum payments actually cost
If you keep paying minimums on these debts instead of consolidating, here is what each one costs you in total interest and how long it takes to pay off.
Total interest if you keep paying minimums on all debts โ€”
โ–ผLong-term savings projection
Horizon Monthly freed Cumulative savings If invested at % After closing costs
Calculations are illustrative only. Debt payoff projections assume minimum payments and fixed interest rates. Investment projections assume consistent monthly contributions at stated annual return โ€” actual returns vary. This is not financial advice.
Rate & Term Refinance

Your savings calculator

Enter your current loan and the proposed terms to see exactly what a refinance does for you โ€” instantly.

โ–ผLoan details
Current loan
Current P&I
โ€”
per month
Proposed loan
โ–ถClosing costs $0
Real fees only โ€” origination, title, appraisal, recording. Do not include prepaids or escrow deposit.
Closing costs ($) โ€” LE sections A+B+C+E
Lender credits ($) โ€” reduces cost โ†“
Escrow refund ($) โ€” reduces cost โ†“
๐Ÿ’ก Escrow refund: Call current servicer for balance, or estimate as 2ร— monthly escrow. Returned within 20 business days of payoff.
๐Ÿ’ก Skipped payment: ~30โ€“60 days before first new payment is due. One month's current P&I stays in your pocket โ€” already factored into the true cost below.
True cost of the refiโ€”
New P&I
โ€”
per month
โ–ผKey numbers
Monthly savings
โ€”
Interest saved vs remaining term
โ€”
Rate reduction
โ€”
Term change
โ€”
Skipped payment
โ€”
cashflow at closing
Break-even โ€” when savings exceed the true cost of the refi
โ€”
โš 
Cost of waiting โ€” every month without refinancing costs:
โ€”
โ–ผNet savings over time
5 years
โ€”
cumulative savings
10 years
โ€”
cumulative savings
15 years
โ€”
cumulative savings
โ–ผCharts
Cumulative savings over time
Starts negative (true cost of the refi). Crosses zero at break-even. Grows from there. The area under the green curve is money back in your pocket.
Still in the hole In the money
Remaining interest โ€” current vs new loan
What's still owed in interest on each loan from today forward.
Current loan remaining interest New loan total interest
Interest rate is note rate, not APR. Closing cost figures are estimates. Results are illustrative only and do not constitute a loan commitment.
Refinance Decision Tool

Loan comparison calculator

Compare up to three loan structures against your current loan โ€” fixed, ARM, or HELOC โ€” with a straight recommendation.

How long do you plan to stay?
Planned stay:
Custom:yrs
Showing 7-year horizon
โ–ผCurrent loan โ€” the baseline
Current Loan โ€” what you have right now
Current P&I
โ€”
per month
โ–ผLoan options to compare
ARM details
After fixed period โ€” 3 scenarios:
Best
โ€”
after fixed
Base
โ€”
after fixed
Worst
โ€”
after fixed
โš  Payment certainty ends after the fixed period.
HELOC โ€” on top of current 1st mortgage
IO draw periodโ€”
P&I repaymentโ€”
Stress testโ€”
Combined (1st + HELOC) drawโ€”
Combined after drawโ€”
Monthly P&I
โ€”
per month
ARM details
After fixed period โ€” 3 scenarios:
Best
โ€”
after fixed
Base
โ€”
after fixed
Worst
โ€”
after fixed
โš  Payment certainty ends after the fixed period.
HELOC โ€” on top of current 1st mortgage
IO drawโ€”
P&I repaymentโ€”
Stress testโ€”
Combined drawโ€”
Combined after drawโ€”
Monthly P&I
โ€”
per month
ARM details
After fixed period โ€” 3 scenarios:
Best
โ€”
after fixed
Base
โ€”
after fixed
Worst
โ€”
after fixed
โš  Payment certainty ends after the fixed period.
HELOC โ€” on top of current 1st mortgage
IO drawโ€”
P&I repaymentโ€”
Stress testโ€”
Combined drawโ€”
Combined after drawโ€”
Monthly P&I
โ€”
per month
โ–ผRecommendation
โ˜… Based on the numbers
Enter current loan and at least one option above.
โ–ผWhat if they're not sure how long they'll stay?
Enter loan details above to see scenario analysis.
โ–ผ Side by side comparison
Enter loan details to see comparison.
โ–ผPros & cons
โ–ผCharts
Remaining balance over time
Current loan shown as dashed baseline.
Cumulative interest paid
Total interest cost over the life of each loan.
ARM payments shown at initial rate during fixed period. HELOC shown as IO during draw period. Illustrative only.
Permanent Points Buydown

Is buying down the rate worth it?

See the break-even, net benefit, and crossover point โ€” the honest answer to the points conversation.

๐Ÿ“Š
MND benchmark rate: Enter today's average from Mortgage News Daily. This is the market benchmark โ€” your rate varies by LTV, credit score, and loan type.
MND avg today %
Top-tier assumptions โ“˜
MND Top-Tier Borrower Profile
FICO780+
LTVโ‰ค 75%
OccupancyPrimary residence
PropertySingle family
Loan typeConventional conforming
Lock30 days
PointsNone (par rate)
Adjustments for your profile explain the difference between this benchmark and your quoted rate.
mortgagenewsdaily.com โ†—
โ–ผLoan details
Par rate โ€” no points
Payment at par
โ€”
per month
Bought-down rate
Payment after buydown
โ€”
per month
I plan to stay:
โ–ผVerdict
๐Ÿ’ก
Enter loan details to see a recommendation
Add the cost of points above to get a full analysis.
โ–ผKey numbers
Monthly savings
โ€”
from buydown
Break-even
โ€”
months to recoup cost
Net benefit
โ€”
over stay period
Total savings
โ€”
over stay period
Break-even โ€” when buydown savings exceed cost
โ€”
Payment at par rate
โ€”
Payment after buydown
โ€”
If market drops 1% (no buydown)
โ€”
โ–ผCumulative savings chart
Cumulative savings from buydown
Starts negative (buydown cost). Crosses zero at break-even. After that, pure savings โ€” shown in green.
Before break-evenAfter break-evenIf market drops 0.5%
All calculations use note rate, not APR. Results are illustrative only and do not constitute a loan commitment.
Cost of Waiting Analysis

Every month you wait costs real money

See exactly what waiting costs you โ€” in dollars, not hypotheticals.

What type of refinance?
โ–ผLoan details
Your existing loan
Current P&I
โ€”
per month
Proposed loan
New P&I
โ€”
per month
โ–ผThe cost of waiting
Monthly payment comparison โ€” what changes when you act
Paying today
โ€”
per month
โ†’
After refi
โ€”
per month
Current payment
New payment
Monthly savings
โ€”
back in your pocket
Yearly savings
โ€”
per year
Interest overpaid this month
โ€”
staying at current rate
โ–ผWait scenarios โ€” 3, 6, and 12 months
Wait 3 months
โ€”
Wait 6 months
โ€”
Wait 12 months
โ€”
โ–ผRate movement scenarios โ€” what if rates change while you wait?
Considering waiting months before refinancing
โ–ผCharts
The cost of inaction โ€” money lost every month you wait
Shows the total additional interest paid on the current loan plus foregone monthly savings, compounding month over month. Based on current balance and rate differential.
Est. additional cost at month 12
โ€”
Interest overpaid (cumulative) Total cost of waiting
All figures are estimates. Cost of waiting assumes current rate and payment remain unchanged. Rate drop scenarios assume a refi is completed in the stated month. Illustrative only.
DSCR Loan Pricing

Does this property qualify?

Enter the rent and loan details โ€” get the DSCR ratio, tier verdict, and cash flow snapshot instantly.

How should we calculate rental income?
โ–ผProperty & loan details
Rental income
Qualifying income
โ€”
per month
Loan details
PITIA payment
โ€”
used in DSCR calc
โ–ผDSCR ratio & verdict
Enter loan and rent details above
DSCR Ratio
โ€”
income รท debt service
โ€” income
รท โ€” PITIA
= โ€”
๐Ÿ’ก
Awaiting input
Fill in all fields to see qualification status.
DSCR qualification tiers
Below 0.75
0.75 โ€“ 1.0
1.0 โ€“ 1.25
1.25+
Hard decline
Below 0.75
Most lenders won't touch it. Property doesn't cover debt service by a wide margin.
Restricted
0.75 โ€“ 1.0
Some lenders allow down to 0.75 with strong reserves + lower LTV. Expect rate add-ons.
Qualifies
1.0 โ€“ 1.25
Standard approval. Most DSCR lenders work here. Rate pricing is competitive.
Strong
1.25+
Best pricing tier. Property cash flows well above debt service โ€” preferred by all lenders.
โ–ผCash flow snapshot
โ„น๏ธ DSCR lenders typically require: 640โ€“680+ FICO, 75โ€“80% max LTV, 6โ€“12 months reserves, property must be non-owner-occupied. Some lenders allow 0.75 DSCR with 65% LTV and 12 months reserves. Always verify with your specific lender's matrix.
Qualifying income
โ€”
per month
PITIA payment
โ€”
principal, interest, T&I
Monthly cash flow
โ€”
income minus PITIA
Annual cash flow
โ€”
per year
LTV
โ€”
loan-to-value
Equity at close
โ€”
down payment
Gross yield
โ€”
annual rent รท value
P&I only
โ€”
before T&I escrow
DSCR = Debt Service Coverage Ratio. Calculated as qualifying monthly income รท PITIA. Qualification tiers are general market guidelines โ€” lender overlays vary. Not a loan commitment. For illustrative purposes only.
Loan Program Comparison

FHA vs Conventional

Enter your loan details and see a full side-by-side breakdown โ€” monthly payments, mortgage insurance, crossover point, and a straight recommendation.

โ–ผDeal details
Property
Borrower & loan
โ–ผRecommendation
Awaiting input
Enter deal details above to see a recommendation.
โ–ผMonthly payment breakdown
FHA
โ€”
total monthly payment incl. MIP + T&I
VS
Conventional
โ€”
total monthly payment incl. PMI (if any) + T&I
FHA breakdown
Principal & Interestโ€”
Upfront MIP (financed)โ€”
Annual MIP / monthโ€”
Property taxes / monthโ€”
Insurance / monthโ€”
Total monthlyโ€”
Conventional breakdown
Principal & Interestโ€”
PMI / monthโ€”
PMI drops offโ€”
Property taxes / monthโ€”
Insurance / monthโ€”
Total monthlyโ€”
โ–ผMortgage insurance โ€” the full story
FHA โ€” Mortgage Insurance Premium (MIP)
Upfront MIP1.75% of loan (financed)
Annual MIP rate0.55% (30yr, <95% LTV)
DurationLife of loan if <10% down
Can it be cancelled?No โ€” must refi to remove
Total MIP cost (life)โ€”
Conventional โ€” Private Mortgage Insurance (PMI)
Upfront costNone (typically)
Annual PMI rateโ€”
Drops at80% LTV (auto at 78%)
Can it be cancelled?Yes โ€” at 80% LTV
Total PMI costโ€”
โ–ผThe crossover point โ€” when does Conventional win?
โšก Crossover analysis
PMI drops off
โ€”
month Conventional gets cheaper
Conv. payment after PMI drops
โ€”
vs FHA's permanent MIP
Monthly difference after crossover
โ€”
Conv. cheaper per month
StartYear 30
โ–ผTotal cost over time
Horizon FHA total paid Conv total paid Difference Winner
โ–ผSide by side qualification requirements
Requirement
FHA
Conventional
Min. credit score
580 (3.5% down)
500โ€“579 w/ 10% down
620 minimum
Best pricing 740+
Min. down payment
3.5%
3% (some programs)
Max DTI
43โ€“57% (AUS)
43โ€“50% (AUS)
Loan limit (2025)
$524,225 standard
Higher in high-cost areas
$806,500 conforming
$1.2M+ high-cost
Property condition
Stricter appraisal standards
Standard appraisal
Occupancy
Primary only
Primary, 2nd, investment
Mortgage insurance
Life of loan (<10% down)
Drops at 80% LTV
Your DTI (estimated)
โ€”
โ€”
โ–ผCharts
Cumulative total cost over time โ€” FHA vs Conventional
FHA often starts cheaper. Conventional usually wins long-term once PMI drops. The crossover is where the lines switch.
FHA total cumulative Conventional total cumulative
FHA MIP rates per HUD guidelines effective 2024. Conventional PMI estimates based on typical lender pricing โ€” actual rates vary by lender, LTV, and credit score. Loan limits are 2025 FHFA/FHA standard county limits. Illustrative only โ€” not a loan commitment.
Blended Rate Compare

Current loans vs. proposed solution

Enter original loan details โ€” balance and payment derive automatically from months paid, so the comparison is always accurate.

Current situation
Enter original loan details โ€” current balance auto-calculates from months paid.
Loan 1 (primary) โ€”
Current balance: โ€”
Rem. term: โ€”
Loan 2 (optional) โ€”
Current balance: โ€”
Rem. term: โ€”
Combined payment โ€”
Total current balance โ€”
Proposed solution
New loan amount, rate, and full new term.
New loan (primary) โ€”
2nd lien / HELOC (optional) โ€”
Combined payment โ€”
Total balance โ€”
Current balance and remaining term are calculated from original loan amount, rate, term, and months paid โ€” the same method as your amortization schedule. Results are estimates โ€” does not include taxes, insurance, or PMI.
Credit Card Payoff

Get out of debt โ€” see the real cost

Enter your cards, see total interest, payoff timeline, and exactly what extra payments do.

Add a card
Extra monthly payment
Avalanche vs Snowball Avalanche saves the most money โ€” attack highest rate first. Snowball builds momentum โ€” pay off smallest balances first for quick wins. Either beats minimum payments.
Interest calculations assume fixed APR and consistent minimum payments. Actual payoff may vary based on lender terms, minimum payment changes, and new charges. For educational purposes only.
Amortization Comparison

Compare two loans side by side

Two loans, head to head โ€” payments, interest, and equity side by side.

Loan A
Monthly payment
โ€”
P&I only
Loan B
Monthly payment
โ€”
P&I only
๐Ÿ’ก
Balance over time
Cumulative interest paid
Period A Payment A Principal A Interest A Balance B Payment B Principal B Interest B Balance Equity ฮ”
Enter loan details above to see comparison
Results are estimates for educational purposes. Does not include taxes, insurance, or other costs. Not financial advice.